Hints and tips:
...Wu had unexpectedly taken leadership of the cloud business, overturning a succession plan through which departing group chief executive Daniel Zhang was to head up the unit....
...Wu took over in September, and at the same time assuming a role as head of the cloud business, overturning a succession plan for departing group CEO Daniel Zhang to head up that unit....
...Zhang’s handover of his group roles to Wu and Tsai took place on Sunday....
...Power struggles between the old guard led by former chief executive Daniel Zhang and Wu, who took over from him in September, have exacerbated the sense of chaos, insiders said....
...In November, the bank’s well-connected former vice-chair Zhang Hongli was detained in a corruption probe. His detention followed action against at least a dozen other former ICBC executives....
...New chief executive Eddie Yongming Wu on Thursday abandoned a major company strategy shift set in March by his predecessor Daniel Zhang, saying the ecommerce-led group would not be breaking up its empire...
...The company announced on Tuesday that Eddie Yongming Wu, chairman of Alibaba’s flagship ecommerce sites Taobao and Tmall, will replace Zhang in September, as the company returns to focus on its strength...
...the position of chief executive to Eddie Yongming Wu....
...Wu Qing, the new head of CSRC, last month emphasised that “regulators must pay special attention to fairness issues.”...
...Wu served as a special assistant to Ma from 2014 to 2019. Alibaba co-founder and vice-chair Joseph Tsai will fill Zhang’s position as chair of the board....
...On Tuesday photos of Ma having a farewell coffee at Alibaba’s headquarters with outgoing chief executive Daniel Zhang flooded the Chinese internet....
...In his first investor call, new group chief executive Eddie Yongming Wu said the company was conducting a review of its corporate governance structure to “reawaken our entrepreneurial mindset”....
...He will next month hand the reins to Jack Ma acolyte Eddie Yongming Wu....
...“When the crisis was only concentrated around Zhongzhi wealth management companies, the market was not so panicked,” said Karen Wu, an analyst at CreditSights....
...But in a paper just published by the NBER, Yongheng Deng of Wisconsin School of Business, Shang-Jin Wei of Columbia Business School and Jing Wu and Rongjie Zhang from Tsinghua University (!)...
...As part of the shake-up, Joseph Tsai, the billionaire co-founder of Alibaba, will replace Zhang as chair of the board....
...Arm last year moved to transfer shares in its Chinese joint venture to SoftBank after spending nearly two years battling its local head Allen Wu for control of the unit....
...Wu Houfeng, general manager of Shantou-based Zhengchao Electric, said low prices and localised supply chains would help its electric vehicle chargers gain a foothold in south-east Asia and Oceania, the group...
..., Alibaba will install a separate chief executive and board at its different business units, which can each “pursue independent fundraising and IPOs when they are ready”, Alibaba chief executive Daniel Zhang...
...They include new vice-premiers Zhang Guoqing, once a chief executive of a weapons maker, and Liu Guozhong, who trained as an ordnance engineer....
...“There is still a lot of room for co-operation,” said Fudan University’s Wu. Western scholars are more sceptical....
...Wu, of NLVC, says BYD’s more upmarket Han model is “revolutionary” with a price tag of around Rmb200,000-ish but features more commonly found on cars costing Rmb500,000 and above....
...Jerry Wu, a fund manager at London-based Polar Capital, says that “at a minimum, investors want to see a consistent and persistent trend in policymaking that shows Chinese policymakers are pragmatists again...
...Other notable names listed were Zhang Yiming of TikTok parent company ByteDance and in the property sector, Pan Shiyi and Zhang Xin of Soho China and Wu Yanjun of Longfor Group....
...Longtime chief executive and chair Daniel Zhang is out, to be replaced by two top lieutenants to former boss Jack Ma, Alibaba co-founders Eddie Yongming Wu as CEO and Joe Tsai as chair....
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